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26 March 2017 hello sir,
we are having a small firm of proprietorship. we are labour job provider
we are getting payment mostly in cash.
so what can i do for f.y.2017-18 their is restriction on 2lacs above cash.
2) secondly i want to know that this is limit of 2 lacs cash restriction is for what deposit in bank or receiveing from customer.

please reply soon,

29 March 2017 please tell me 2lacs cash limit means what

24 October 2021 With effective from 1st April, 2017, no person shall receive an amount of Rs 2 Lakh or more;

(A) in aggregate from a person in a day (or)

(B) in respect of a single transaction (or)

(C) in respect of transactions relating to one event or occasion from a person.






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